Commerzbank’s (CBK) Buy Rating Reaffirmed at Citigroup

Citigroup reissued their buy rating on shares of Commerzbank (ETR:CBK) in a research note published on Tuesday, December 19th.

A number of other equities research analysts have also recently weighed in on CBK. Deutsche Bank set a €10.50 ($12.50) price objective on Commerzbank and gave the company a neutral rating in a research note on Wednesday, October 18th. Morgan Stanley set a €11.15 ($13.27) price objective on Commerzbank and gave the company a neutral rating in a research note on Monday, October 23rd. set a €11.50 ($13.69) target price on Commerzbank and gave the stock a neutral rating in a research report on Friday, October 20th. DZ Bank reissued a sell rating on shares of Commerzbank in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. set a €9.60 ($11.43) price target on Commerzbank and gave the company a neutral rating in a report on Thursday, November 9th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of €10.52 ($12.52).

Commerzbank (CBK) traded up €0.22 ($0.26) during trading hours on Tuesday, hitting €13.48 ($16.05). 14,170,459 shares of the stock traded hands, compared to its average volume of 8,690,000. Commerzbank has a one year low of €6.97 ($8.30) and a one year high of €13.27 ($15.80).

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